10x Insights
Loading account…
Companies / Health Care / CVRx, Inc.
CVRX

CVRx, Inc.

Health CareSurgical & Medical Instruments
Ticker CVRXMINNEAPOLIS, MNFiscal year ends DecemberBook value per share $0.52Diluted shares 26.7M

CVRx (Nasdaq: CVRX) is a commercial-stage medical device company that develops, manufactures and commercializes neuromodulation therapies for cardiovascular disease. Its principal product, Barostim, is an implantable device that delivers electrical pulses to baroreceptors in the carotid artery, providing Baroreflex… From the company’s description.

Over the twelve months to Sep 30, 2026, CVRx, Inc. reported revenue of $60.33M, up 7.8% from a year earlier, and a net loss of $53.26M. Its operating margin was −81.9%, and operations used $41.65M in cash. In fiscal 2025, it reported revenue of $56.65M, up 10.4% from fiscal 2024, and a net loss of $53.31M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$56.65MFY2025
+10.4% year over year
Last 12 mo $60.33M
-90.49%FY2025
+25.5 percentage points
Last 12 mo -81.90%
$-53.31MFY2025
+11.1% year over year
Last 12 mo $-53.26M
-135.56%FY2025
−51.2 percentage points
Last 12 mo -385.45%
Cash & financing
$-40.17MFY2025
−2.6% year over year
Last 12 mo $-41.65M
$-40.75MFY2025
−0.6% year over year
Last 12 mo $-42.05M
1.26FY2025
Was 0.69× a year earlier
Last 12 mo 4.24
26.1MFY2025
+15.4% year over year
Last 12 mo 26.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CVRx, Inc. does

In the company’s own words

CVRx (Nasdaq: CVRX) is a commercial-stage medical device company that develops, manufactures and commercializes neuromodulation therapies for cardiovascular disease. Its principal product, Barostim, is an implantable device that delivers electrical pulses to baroreceptors in the carotid artery, providing Baroreflex Activation Therapy to improve symptoms in eligible patients with heart failure with reduced ejection fraction. The therapy is designed to complement guideline-directed medical treatment, and the device is implanted through a minimally invasive procedure and managed wirelessly by clinicians. CVRx sells primarily to hospitals, using a direct sales organization in the United States and Germany and distributors in Austria, Spain and other European countries; its commercial efforts engage cardiologists, heart failure specialists and surgeons. The company focuses its current commercial and development activities on Barostim, while investigating use in broader heart failure populations. CVRx reported revenue of $56.7 million for fiscal 2025. Its website is https://www.cvrx.com.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
MINNEAPOLIS, MN
Fiscal year end
December
CIK
1235912
SIC
3841

Financial performance, year by year

Fiscal 2021–2025 · USD
$-71.99M$-35.91M$0.18M$36.27M$72.36M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CVRx, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

93
funds hold it
0 of 35
superinvestors hold it
$13.16M
held by funds, at market
8.3%
of shares held by funds

Largest fund holders · CVRx, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CVRx, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CVRx, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CVRx, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.